The Ratings Game: Lululemon stock posts double-digit percentage loss on lower gross-margin view
Yoga clothing maker Lululemon ups revenue outlook but now expects gross margins to fall rather than rise as stock dips by roughly 10%.
The Margin: Wells Fargo has fired a VP accused of urinating on a fellow passenger aboard a flight to New Delhi
Wells Fargo labels the reported incident "deeply disturbing."
Economic Report: Most of America thinks it’s a bad time to buy a home. Expect ‘continued decline in home sales,’ Fannie Mae says.
Home-buying sentiment in 2023 is glum, no thanks to high mortgage rates and home prices, according to a new survey.
: SEC charges ex–McDonald’s CEO Easterbrook for making false statements relating to his 2019 ouster
U.S. securities regulator is also charging McDonald's with public disclosure violations relating to Easterbrook's separation agreement.
: FTC wants to ban noncompete agreements. This man was forced to sign 4 noncompetes. ‘It just doesn’t feel right,’ he says.
Only a sliver of workers negotiate when presented with a noncompete agreement, one study said.
Outside the Box: Republicans and Democrats actually agree that America must be a tech leader. Here’s what this means for the U.S. economy and jobs.
Federal funding for science and technology is pouring into chip-manufacturing, clean tech, AI and other emerging techologies.
: CES 2023: Tech legislation is shifting from antitrust focus to broadband, cybersecurity
"We have done nothing regarding privacy, advertising oversight. It’s been goose eggs. We have to look to what [more aggressive] Europe and California [regulators] are...
: European drugmakers including AstraZeneca pony up for U.S.-listed biopharmas
European drugmakers announced a trio of deals around a billion dollars each to buy U.S.-listed biopharmas at hefty premiums
Futures Movers: Oil prices rebound on hopes for increased China demand
The rally in crude comes after both Brent and West Texas Intermediate fell more than 8% last week on worries about a global economic downturn.